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The futures of copper delivery for July fell the morning of May 6 to $3.3015 per pound, a decline of about $0.013, on the Comex in New York.
The futures of copper delivery for July fell the morning of May 6 to $3.3015 per pound, a decline of about $0.013, on the Comex in New York. According to Bloomberg, analysts at Morgan Stanley believe that the copper market is shifting, and will be seeing improvement through 2015. However, some investors are wary due to the fact the price performance hasn't been what they would like to see.
Mining.com reported that the Morgan Stanley report stated that the market for the metal is currently "shifting from a long period of constrained mine supply to one in which new mine capacity growth brings about the long-awaited return of the refined market to moderate surpluses."
